London & Associated Properties (LON:LAS) Trading 30% Higher – Here’s What Happened

London & Associated Properties Plc (LON:LAS) shares were up 30% during trading on Monday . The company traded as high as GBX 3.90 and last traded at GBX 3.90. Approximately 309,397 shares were traded during mid-day trading, an increase of 174% from the average daily volume of 112,887 shares. The stock had previously closed at GBX 3.

London & Associated Properties Stock Performance

The company has a fifty day moving average price of GBX 6.44 and a two-hundred day moving average price of GBX 8.19. The firm has a market cap of £2.99 million, a price-to-earnings ratio of -1.75 and a beta of 0.09. The company has a debt-to-equity ratio of 52.56, a current ratio of 0.80 and a quick ratio of 0.38.

London & Associated Properties (LON:LAS) last released its earnings results on Tuesday, September 30th. The company reported GBX (1.50) earnings per share (EPS) for the quarter. London & Associated Properties had a positive return on equity of 3.76% and a negative net margin of 1.61%.

London & Associated Properties Company Profile

London & Associated Properties is a fully listed property investment company specialising in retail. It owns a portfolio of shopping centres and other retail property currently worth some £78m. LAP also invests in joint ventures with institutional co-owners; these have included Oaktree Capital Management, Schroders and Bank of Scotland.